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$497,500

Beds
2
Baths
1.5
sq ft
1,142

1305 E 6th St Unit 2, Austin, TX 78702

1305 E 6th St Unit 2

Austin, TX 78702

  • 198 days on market
    • Price drop $1,500↓
Discover the ideal fusion of live and work with this industrial modern loft in the energetic East Austin, situated at 1305 E 6th St Unit 2, Austin, TX 78702. Currently occupied through July 2024, this one-of-a-kind dwelling is engineered for innovators and entrepreneurs seeking a unique livework space that blends practicality with style. The unit was designed with an open floor plan that maximizes natural light and provides an airy and malleable living environment. Polished concrete floors and exposed wooden beams create a contemporary and industrial atmosphere, perfect for startups or individual entrepreneurs who wish to host meetings, co-work, or simply enjoy a spacious home office. Stainless steel appliances and rich wooden cabinetry in the kitchen complement the lofts modern aesthetic, while the private bedroom adorned with warm hardwood floors offers a retreat with tranquil views through the large window. The building stands out in East Austin for allowing tenants not just to reside but also to office from their units. This entrepreneurial haven has been the cradle for numerous business ventures, providing a dynamic yet comfortable setting for creativity and productivity to thrive. For those seeking additional space, Unit 4, mirroring the size and industrial chic of Unit 2, with an additional finished bedroomoffice overlooking vibrant East Sixth, could be purchased alongside. Residents will also appreciate the convenience of a dedicated parking spot with an automated gate and covered parking, adding an extra layer of security and ease. Embrace the spirit of entrepreneurship in a residence that encapsulates the unique pulse of East Austin-theres truly nothing else quite like it. HOA does not allow STR, min lease term is 6 months. Ask about seller financing options.

Details

Property type

Condominium

Est. home value

$526,009

Lot size

1,337.29 sq ft

Price per sq ft

$436

Year built

2006

Annual property taxes

$11,644

Monthly HOA fee

$409.64

Price History

10/03/2024
Austin

Austin #2249538

Price change
$497,500
-0.3%
09/08/2024
Austin

Austin #2249538

Listed
$499,000
08/27/2024
Austin

Austin #2249538

Pending
$499,000

Schools & Community

Neighborhood: 

East Cesar Chavez

Elementary school: 

Sanchez

Middle school: 

Martin

High school: 

Austin

High school district: 

Austin ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$148,081
Asking price
$497,500
Closing costs (~8% of asking)
-$39,800
Est. remaining loan balance
-$309,619
Cash to seller
$148,081

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

May 2020

Original loan amount

$339,500

Est. remaining balance

$309,619

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Noah Kagan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 10/05/2024 at 8:50 PM

Listing updated: 10/03/2024 at 9:01 AM

Listed by: Rick Orr, Vince Realty Phone #: (214) 906-9834

MLS: Austin #2249538

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